Retirement plan

MUMFORD & MILLER 401(K) PROFIT SHARING PLAN

Name: MUMFORD & MILLER CONCRETE, INC. - MUMFORD & MILLER 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MUMFORD & MILLER CONCRETE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MUMFORD & MILLER 401(K) PROFIT SHARING PLAN, MUMFORD & MILLER CONCRETE, INC.

MUMFORD & MILLER CONCRETE, INC.EIN 51-0291685Plan #001PY 2024

1005 INDUSTRIAL DRIVE - MIDDLETOWN, DE 19709302-378-7736mumfordandmiller.comLinkedIn51-200 employeesconstruction

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$14.7M

+9.8% from 2023

Total participants

288

+11.2% from 2023

Average account balance

$51,138

-1.3% from 2023

Annual return

11.24%

-0.70 pp from 2023

Benchmarks

See 3,445 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,445 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$14.73M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$51K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

288

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.14M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.24%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$200

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
LPL FINANCIAL9 years Filed as: LPL FINANCIAL, LLC Service code 27 4707 EXECUTIVE DRIVE · SAN DIEGO, CA 921213091	Advisory (Plan)	$31,929
AMERICAN FUNDS6 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$24,219
ATLANTIC PENSION SERVICES, INC.9 years Filed as: ATLANTIC PENSION SERVICES Service code 13 · EIN 23-2942715 PO BOX 758 · KENNETT SQUARE, PA 19348	Contract Administrator	$1,550

Plan features & details

Pension benefit codes2E2F2G2J2A2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$58K

$555 / participant

Recordkeeping$58K100.0%

% of EOY assets

0.392%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HORTY & HORTY, P.A.
Auditor EIN: 510218897
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$51,138

$80,763-36.7%

$102,412-50.1%

$74,459-31.3%

Participation rate

100.0%

65.7%+34.3pp

74.5%+25.5pp

67.2%+32.8pp

Annual return

11.24%

27.57%-16.3pp

24.94%-13.7pp

1369.70%-1358.5pp

Employer contribution / active EE

$7,316

$3,160+131.5%

$3,870+89.0%

$2,626+178.6%

Participant deferral / active EE

$3,635

$3,862-5.9%

$5,060-28.2%

$4,350-16.4%

Admin fee / account holder

$200

$2,371-91.6%

$8,388-97.6%

$1,945-89.7%

Provider

Service type

Compensation

LPL FINANCIAL9 years

Filed as: LPL FINANCIAL, LLC

Service code 27

4707 EXECUTIVE DRIVE · SAN DIEGO, CA 921213091

Advisory (Plan)

$31,929

AMERICAN FUNDS6 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$24,219

ATLANTIC PENSION SERVICES, INC.9 years

Filed as: ATLANTIC PENSION SERVICES

Service code 13 · EIN 23-2942715

PO BOX 758 · KENNETT SQUARE, PA 19348

Contract Administrator

$1,550

MUMFORD & MILLER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MUMFORD & MILLER 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion